Ethiopia Amends Investment Law to Encourage Private Sector

Ethiopia Amends Investment Law to Encourage Private SectorEthiopian Investment Commission (EIC) said that the Government of Ethiopia has been amending the investment law in order to improve the investment and business c

Ethiopian Investment Commission (EIC) said that the Government of Ethiopia has been amending the investment law in order to improve the investment and business climate and enhance the role of the private sector.

While speaking at Ethio-Investment Exhibition and Forum held in Addis Ababa, Ethiopian Investment Deputy Commissioner Temesgen Tilaye said the investment law has been amended with a view to enhancing business and investment in the country.

The government has been tirelessly working to improve the existing investment climate of the country and part of this effort EIC in collaboration with World Bank Group, International Finance Corporation (IFC), and International Trade Centre (ITC) has recently developed an Online Investment Service Delivery System and Chinese Language Web-portal.

According to him, the systems would help to provide efficient, effective and reliable investment services for investors regardless of geographical locations as well as language barriers.

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